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The deal between Opec and some non-Opec states has been an impressive achievement. As the monitoring committee meets in Baku this Monday, they will see that compliance to production cuts has been high, excess stockpiles have fallen to normal levels, and prices have recovered from a low of $28 per barrel in January 2016 to above $80 per barrel last November. But does the deal’s...

London OPEC’s crude production slumped again last month as the cartel implemented planned cutbacks in full and some members were hit by US sanctions. Saudi Arabia, Kuwait and the United Arab Emirates delivered all — and in some cases more — of the supply curbs they pledged to try to prevent a global glut. Opec and its allies are embarking on a new round of cuts as record...

By Grant Smith OPEC’s crude production slumped again last month as the cartel implemented planned cutbacks in full and some members were hit by U.S. sanctions. Saudi Arabia, Kuwait and the United Arab Emirates delivered all -- and in some cases more -- of the supply curbs they pledged to try to prevent a global glut. OPEC and its allies are embarking on a new round of cuts as...

Bloomberg When the giant P-67 floating oil production vessel lit its flare tower last month, it marked the start of a Brazilian supply boom that’s poised to challenge OPEC’s efforts to balance the global market. The mammoth facility — long and wide enough to fit an American football field — is the first of four similar platforms that will begin pumping crude this year, lifting...

Author: Reuters ID: 1553061040381847100 Wed, 2019-03-20 08:57 SINGAPORE: Oil prices were on Wednesday weighed down by economic growth concerns that dampened the outlook for fuel consumption, but supported by voluntary supply cuts led by producer club OPEC and by US sanctions against Iran and Venezuela. International Brent crude oil futures were at $67.55 a barrel at 0432 GMT,...

What is OPEC? | CNBC Explains

published:20 Jun 2018

What is OPEC? | CNBC Explains

What is OPEC? | CNBC Explains

published:20 Jun 2018

views:51800

The fluctuating price of oil is largely decided by supply and demand and the collective actions of OPEC, an organization that provides 40% of the world’s oil. CNBC\'s Tom Chitty explains.
-----
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What is OPEC? | CNBC Explains

published:20 Jun 2018

views:51800

The fluctuating price of oil is largely decided by supply and demand and the collective actions of OPEC, an organization that provides 40% of the world’s oil. CNBC\'s Tom Chitty explains.
-----
Subscribe to us on YouTube: http://cnb.cx/2wuoARM
Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMv
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🇶🇦Why is Qatar leaving OPEC? l Inside Story

published:03 Dec 2018

🇶🇦Why is Qatar leaving OPEC? l Inside Story

🇶🇦Why is Qatar leaving OPEC? l Inside Story

published:03 Dec 2018

views:96279

Qatar is leaving the Organization of the Petroleum Exporting Countries, or OPEC, the first Gulf country to pull out since joining more than half a century ago.
Qatar plans to expand its role as the world\'s number one exporter of liquefied natural gas and boost production by more than 50 percent to 110 million tonnes a year
The decision to quit OPEC comes just days before a crucial meeting of members in Vienna to discuss cutting supplies.
Oil prices reached a four-year high of more than $80 a barrel a couple of months ago but has now dropped to about $60.
What does this mean for the global energy market?
Presenter: Richelle Carey
Guests
Abdullah Baabood, academic and researcher focusing on the Gulf region and the Middle East.
Cornelia Meyer, economist and energy expert.
Manouchehr Takin, former OPEC official.
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
#Aljazeeraenglish
#News
#InsideStory #OPEC #Qatar...

🇶🇦Why is Qatar leaving OPEC? l Inside Story

published:03 Dec 2018

views:96279

Qatar is leaving the Organization of the Petroleum Exporting Countries, or OPEC, the first Gulf country to pull out since joining more than half a century ago.
Qatar plans to expand its role as the world\'s number one exporter of liquefied natural gas and boost production by more than 50 percent to 110 million tonnes a year
The decision to quit OPEC comes just days before a crucial meeting of members in Vienna to discuss cutting supplies.
Oil prices reached a four-year high of more than $80 a barrel a couple of months ago but has now dropped to about $60.
What does this mean for the global energy market?
Presenter: Richelle Carey
Guests
Abdullah Baabood, academic and researcher focusing on the Gulf region and the Middle East.
Cornelia Meyer, economist and energy expert.
Manouchehr Takin, former OPEC official.
Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
#Aljazeeraenglish
#News
#InsideStory #OPEC #Qatar...

What the heck is OPEC?!

published:20 Apr 2015

What the heck is OPEC?!

What the heck is OPEC?!

published:20 Apr 2015

views:16300

About one third of the world\'s oil -- 30 million barrels a day -- comes from OPEC. Nina dos Santos explains the purpose of the Organization of Oil Exporting Countries and how OPEC decisions affect you....

What the heck is OPEC?!

published:20 Apr 2015

views:16300

About one third of the world\'s oil -- 30 million barrels a day -- comes from OPEC. Nina dos Santos explains the purpose of the Organization of Oil Exporting Countries and how OPEC decisions affect you....

Who Controls The World's Oil?

published:18 Dec 2015

Who Controls The World's Oil?

Who Controls The World's Oil?

published:18 Dec 2015

views:390293

» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe
U.S. Senator Ted Cruz\'s hope for the White House is raising questions because the Texas politician was actually born in Canada. So, what defines a natural born citizen, and who is allowed to run for president?
Learn More:
US Constitution Article II
https://www.law.cornell.edu/constitution/articleii
\"The executive power shall be vested in a President of the United States of America.\"
Is Ted Cruz, born in Canada, eligible to run for president?
http://www.politifact.com/truth-o-meter/article/2013/aug/20/ted-cruz-born-canada-eligible-run-president/
\"Can Ted Cruz run for president if he was born in Canada?\"
Qualifications for President and the \"Natural Born\" Citizenship Eligibility Requirement
http://www.fas.org/sgp/crs/misc/R42097.pdf
\"The Constitution sets out three eligibility requirements to be President: one must be 35 years of age, a resident \'within the United States\' for 14 years, and a \'natural born Citizen.\'\"
Watch More:
The Bias of the Supreme Court
https://www.youtube.com/watch?v=8C0weq6CzqM
_________________________
NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today.
More from NowThis:
» Subscribe...

Who Controls The World's Oil?

published:18 Dec 2015

views:390293

» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe
U.S. Senator Ted Cruz\'s hope for the White House is raising questions because the Texas politician was actually born in Canada. So, what defines a natural born citizen, and who is allowed to run for president?
Learn More:
US Constitution Article II
https://www.law.cornell.edu/constitution/articleii
\"The executive power shall be vested in a President of the United States of America.\"
Is Ted Cruz, born in Canada, eligible to run for president?
http://www.politifact.com/truth-o-meter/article/2013/aug/20/ted-cruz-born-canada-eligible-run-president/
\"Can Ted Cruz run for president if he was born in Canada?\"
Qualifications for President and the \"Natural Born\" Citizenship Eligibility Requirement
http://www.fas.org/sgp/crs/misc/R42097.pdf
\"The Constitution sets out three eligibility requirements to be President: one must be 35 years of age, a resident \'within the United States\' for 14 years, and a \'natural born Citizen.\'\"
Watch More:
The Bias of the Supreme Court
https://www.youtube.com/watch?v=8C0weq6CzqM
_________________________
NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today.
More from NowThis:
» Subscribe...

LIVE: 175th Meeting of OPEC Conference in Vienna

published:06 Dec 2018

LIVE: 175th Meeting of OPEC Conference in Vienna

LIVE: 175th Meeting of OPEC Conference in Vienna

published:06 Dec 2018

views:3939

Subscribe to our channel! rupt.ly/subscribe
The 175th Ordinary Meeting of the Organisation of the Petroleum Exporting Countries (OPEC) kicks off in Vienna on Thursday, December 6.
The meeting is set to debate on new supply cuts, following a recent drop in oil prices and in light of Qatar\'s announcement that it is leaving the bloc after almost 60 years.
Video on Demand: http://www.ruptly.tv
Contact: cd@ruptly.tv
Twitter: http://twitter.com/Ruptly
Facebook: http://www.facebook.com/Ruptly...

LIVE: 175th Meeting of OPEC Conference in Vienna

published:06 Dec 2018

views:3939

Subscribe to our channel! rupt.ly/subscribe
The 175th Ordinary Meeting of the Organisation of the Petroleum Exporting Countries (OPEC) kicks off in Vienna on Thursday, December 6.
The meeting is set to debate on new supply cuts, following a recent drop in oil prices and in light of Qatar\'s announcement that it is leaving the bloc after almost 60 years.
Video on Demand: http://www.ruptly.tv
Contact: cd@ruptly.tv
Twitter: http://twitter.com/Ruptly
Facebook: http://www.facebook.com/Ruptly...

OPEC

published:20 Feb 2019

OPEC

OPEC

published:20 Feb 2019

views:56

The Organization of Petroleum Exporting Countries (OPEC) is an intergovernmental initiative launched to coordinate the sale of raw materials and to control the crude oil prices. Today, the organization faces both chronic and situational challenges, including instability of the oil market, excessing the quotas of its production and the competition within the organization....

OPEC

published:20 Feb 2019

views:56

The Organization of Petroleum Exporting Countries (OPEC) is an intergovernmental initiative launched to coordinate the sale of raw materials and to control the crude oil prices. Today, the organization faces both chronic and situational challenges, including instability of the oil market, excessing the quotas of its production and the competition within the organization....

Organization of the Petroleum Exporting Countries - OPEC

published:09 May 2018

Organization of the Petroleum Exporting Countries - OPEC

Organization of the Petroleum Exporting Countries - OPEC

published:09 May 2018

views:3228

OPEC is an international organization of 14 nations as of February 2018 and economic cartel whose mission is to coordinate the policies of the oil-producing countries .
The goal is to secure a steady income to the member states and to collude in influencing world oil prices through economic means.
Headquarters
Vienna, Austria (Previously, At Geneva, Switzerland)
Formed by
Baghdad Conference on 10–14 September 1960
Secretary General
Mohammed Barkindo
Founding Members (5 Members)
Iraq, Iran, Kuwait, Saudi Arabia and Venezuela
Current Member Countries
Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia,
United Arab Emirates, Venezuela
While Indonesia is a former member
As of 2016, the 14 countries accounted for an estimated 44 percent of global oil production and 73 percent of the world\'s \"proven\" oil reserves, giving OPEC opec organization, a major influence on global oil prices that were previously determined by American-dominated multinational oil companies.
OPEC\'s stated mission is \"to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets, The organization is also a significant provider of information about the international oil market. As of May 2017, OPEC\'s members are Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela
While Indonesia is a former member. why was opec formed Two-thirds of OPEC\'s oil production and reserves are in its six Middle Eastern countri...

Organization of the Petroleum Exporting Countries - OPEC

published:09 May 2018

views:3228

OPEC is an international organization of 14 nations as of February 2018 and economic cartel whose mission is to coordinate the policies of the oil-producing countries .
The goal is to secure a steady income to the member states and to collude in influencing world oil prices through economic means.
Headquarters
Vienna, Austria (Previously, At Geneva, Switzerland)
Formed by
Baghdad Conference on 10–14 September 1960
Secretary General
Mohammed Barkindo
Founding Members (5 Members)
Iraq, Iran, Kuwait, Saudi Arabia and Venezuela
Current Member Countries
Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia,
United Arab Emirates, Venezuela
While Indonesia is a former member
As of 2016, the 14 countries accounted for an estimated 44 percent of global oil production and 73 percent of the world\'s \"proven\" oil reserves, giving OPEC opec organization, a major influence on global oil prices that were previously determined by American-dominated multinational oil companies.
OPEC\'s stated mission is \"to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets, The organization is also a significant provider of information about the international oil market. As of May 2017, OPEC\'s members are Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela
While Indonesia is a former member. why was opec formed Two-thirds of OPEC\'s oil production and reserves are in its six Middle Eastern countri...

Trump slams OPEC for 'ripping off' the rest of the world

published:25 Sep 2018

Trump slams OPEC for 'ripping off' the rest of the world

Trump slams OPEC for 'ripping off' the rest of the world

published:25 Sep 2018

views:3320

In his address to the United Nations General Assembly, President Donald Trump slammed the Organization of the Petroleum Exporting Countries for \"ripping off the rest of the world\" through rising oil prices.
Trump has repeatedly called for OPEC and its members to produce more oil to help push oil prices down. Members of OPEC, working with Russia, agreed earlier this week not to increase oil production.
\"OPEC nations are, as usual, ripping off the rest of the world, and I don\'t like it. Nobody should like it,\" Trump told the assembly in New York City, drawing a smattering of laughs.
\"We defend many of these nations for nothing, and then they take advantage of us by giving us high oil prices. Not good,\" he added.
Find more from PBS NewsHour at https://www.pbs.org/newshour
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Newsletters: https://www.pbs.org/newshour/subscribe...

Trump slams OPEC for 'ripping off' the rest of the world

published:25 Sep 2018

views:3320

In his address to the United Nations General Assembly, President Donald Trump slammed the Organization of the Petroleum Exporting Countries for \"ripping off the rest of the world\" through rising oil prices.
Trump has repeatedly called for OPEC and its members to produce more oil to help push oil prices down. Members of OPEC, working with Russia, agreed earlier this week not to increase oil production.
\"OPEC nations are, as usual, ripping off the rest of the world, and I don\'t like it. Nobody should like it,\" Trump told the assembly in New York City, drawing a smattering of laughs.
\"We defend many of these nations for nothing, and then they take advantage of us by giving us high oil prices. Not good,\" he added.
Find more from PBS NewsHour at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6
Follow us:
Facebook: http://www.pbs.org/newshour
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Newsletters: https://www.pbs.org/newshour/subscribe...

The fluctuating price of oil is largely decided by supply and demand and the collective actions of OPEC, an organization that provides 40% of the world’s oil. CNBC\'s Tom Chitty explains.
-----
Subscribe to us on YouTube: http://cnb.cx/2wuoARM
Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkf

Qatar is leaving the Organization of the Petroleum Exporting Countries, or OPEC, the first Gulf country to pull out since joining more than half a century ago.
Qatar plans to expand its role as the world\'s number one exporter of liquefied natural gas and boost production by more than 50 percent to 1

About one third of the world\'s oil -- 30 million barrels a day -- comes from OPEC. Nina dos Santos explains the purpose of the Organization of Oil Exporting Countries and how OPEC decisions affect you.

» Subscribe to NowThis World: http://go.nowth.is/World_Subscribe
U.S. Senator Ted Cruz\'s hope for the White House is raising questions because the Texas politician was actually born in Canada. So, what defines a natural born citizen, and who is allowed to run for president?
Learn More:
US Constitu

Subscribe to our channel! rupt.ly/subscribe
The 175th Ordinary Meeting of the Organisation of the Petroleum Exporting Countries (OPEC) kicks off in Vienna on Thursday, December 6.
The meeting is set to debate on new supply cuts, following a recent drop in oil prices and in light of Qatar\'s announc

The Organization of Petroleum Exporting Countries (OPEC) is an intergovernmental initiative launched to coordinate the sale of raw materials and to control the crude oil prices. Today, the organization faces both chronic and situational challenges, including instability of the oil market, excessing

OPEC is an international organization of 14 nations as of February 2018 and economic cartel whose mission is to coordinate the policies of the oil-producing countries .
The goal is to secure a steady income to the member states and to collude in influencing world oil prices through economic means.

In his address to the United Nations General Assembly, President Donald Trump slammed the Organization of the Petroleum Exporting Countries for \"ripping off the rest of the world\" through rising oil prices.
Trump has repeatedly called for OPEC and its members to produce more oil to help push oil p